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"No alarm on Wall Street over Wyeth case"



Per the AP (via Erichson), markets are shrugging off the $134 million Nevada judgment (see Oct. 11) against the maker of the hormone-replacement drugs Prempro and Premarin. Earlier coverage of Wyeth victories is here, here and here. One stock analyst, citing expectations that the new award will be reduced or reversed, called it "more of a headline risk than a long-term financial risk".

 

 


Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.